SpaceX aims to raise $75 billion in its upcoming IPO, targeting retail investors through major banks’ networks.
JPMorgan will host an investor event for SpaceX’s $75 billion IPO, broadcasting across 90 private bank offices and 5,000 branches. CEO Jamie Dimon and key executives will pitch high-net-worth and retail clients, leveraging the bank’s vast network to drive interest.
The IPO, confirmed in a regulatory filing, seeks to raise far more from retail investors than typical listings. Bank of America will also host a separate event this week, underscoring competition among banks to position clients for the record-breaking offering.
SpaceX’s filing marks the largest anticipated public listing, with proceeds aimed at funding ambitious space projects. The push for retail participation reflects a shift in IPO marketing strategies.